KB Bukopin Gives IDR 309 Billion Green Credit To Indika Energy Subsidiaries

PT Bank KB Bukopin TBk (BBKP) provided a credit facility of US$20 million or equivalent to Rp309 billion to PT Energi Makmur Buana (INVI). Where INVI is a subsidiary of PT Indika Energy Tbk (INDY).

The credit facility is provided to support the acceleration of the growth of the national commercial electric vehicle ecosystem, including the procurement of electric buses for Trans Jakarta and financing for the construction of public electric vehicle charging stations (SPKLU).

The signing of the credit facility granting approval letter was carried out by the Head of the Wholesale Business Division of PT Bank KB Bukopin Feisel Martha with the President Director of PT Energi Makmur Buana Andreas Justiabel at the Head Office of Bank KB Bukopin, Monday, October 2.

The facility agreement between Bank KB Bukopin and INVI has a period of up to twelve months since the signing date takes place.

Deputy President Director of Bank KB Bukopin Robby Mondong in a press release in Jakarta, Tuesday, said Bank KB Bukopin has the same commitment to accelerate the development of the electric vehicle ecosystem in Indonesia.

"KB Bukopin believes that partnership with INVI is a significant step and is in line with the government's commitment to creating green mobility by adopting technology towards carbon neutrality," he said.

"We believe that participating actively in ESG-based financing can provide an impetus to support Indonesia's transition to a sustainable economy, encourage technological innovation and create new jobs in this sector," he said, quoting Antara.

In addition, he continued, his party sees that green financing itself has great potential in Indonesia. Green financing has the potential to increase in line with the general economic growth, as well as the green economy ecosystem in particular.

Moreover, the government as a regulator provides full support for banks to distribute the green credit.

"We hope that the partnership with PT Energi Makmur Buana can accelerate the growth of the electric vehicle ecosystem in Indonesia," he said.

"The commitment of Bank KB Bukopin to increase the allocation of sustainable financing is in line with the values of KB Financial Group and KB Kookmin Bank as the controlling shareholder of KB Bukopin, which is the leader of environmental, social, and government (ESG)-based financing in South Korea," he said.

Meanwhile, INVI President Director Andreas Justiabel said that his party hopes that this step can make a positive contribution to Indonesia, as well as participate and support the Indonesian Government's initiative to accelerate the Indonesian electric vehicle ecosystem and bring the future of more environmentally friendly local commercial vehicle mobility.

"INVI reflects our enthusiasm to present the future of local commercial vehicle mobility that is more environmentally friendly. We are determined to present products through innovative solutions by understanding the needs of Indonesian consumers," he said.